Latin Metals Inc. reports on copper, gold and silver exploration in Peru and Argentina through a prospect generator model. Company news centers on option agreements, partner-funded field work, and project updates across mineral properties including Cerro Bayo, La Flora, and Ventana North.
Recurring developments include drilling and geophysical work at gold-silver projects in Santa Cruz Province, Argentina, district-scale sediment-hosted copper exploration in northwest Argentina, and portfolio actions tied to strategic partnerships and exploration funding.
Latin Metals (OTCQB: LMSQF) will attend PDAC 2026 (Booth 2329) Mar 1–4 in Toronto and highlight a partner-funded ~1,500 metre Phase I diamond drill program at the Cerro Bayo project in Argentina and the launch of copper-gold spin-out Latin Explore.
The company cites a strengthened treasury after warrant exercises, multiple projects in Peru and Argentina, and 2026 catalyst-driven news flow for shareholders.
Latin Metals (OTCQB: LMSQF) reports that option partner Daura Gold has commenced a Phase One diamond drill program at the Cerro Bayo gold–silver project in Santa Cruz, Argentina. The program is fully funded by Daura and comprises ~22 holes totaling 1,500 metres.
Daura can earn up to an 80% interest via staged cash and exploration expenditures. Separately, 4,999,999 warrants were exercised at $0.15 for total proceeds of $749,999.85.
Latin Metals (OTCQB: LMSQF) reported that partner Daura Gold completed ~27 line-km of pole–dipole IP surveying at the Cerro Bayo gold–silver project and defined 15 priority drill targets by integrating new IP data with historical geochemistry and prior surveys. A 1,500 metre partner-funded diamond drilling program (planned as 22 holes) is expected to start in mid‑February 2026; Cerro Bayo is fully drill permitted. Daura has also started a regional gradient-array IP survey in the northern project area to refine follow-up targets. Latin Metals will attend Q1 2026 investor conferences to discuss exploration progress and its prospect-generator model.
Latin Metals (OTCQB:LMSQF) outlines 2026 plans after 2025 project advancement, entering the year with multiple drill-ready projects across gold and copper and active partner-funded programs.
Key items: an option with Daura Gold providing up to US$1.7M plus 28,000m drilling at Cerro Bayo, Moxico commitments targeting 15,000m at Zaha (Esperanza/Huachi), fully permitted projects at Cerro Bayo, Organullo and Lacsha, a proposed spin-out (Latin Explore) with a concurrent $3M financing closed, and a strengthened balance sheet after a $1.33M private placement and ~C$1.79M from option/warrant exercises.
Latin Metals (OTCQB:LMSQF) and Daura Gold entered a binding option agreement dated Nov 3, 2025 under which Daura may earn a 75% undivided interest in the Cerro Bayo and La Flora projects by completing payments, exploration and a Technical Report within a 38-month option period.
Key terms: total payments to Latin Metals of US$1,700,000 (Daura may pay $200,000 in cash or shares), assumed payments of US$400,000 to the underlying vendor, and 28,000m of drilling required before option exercise. Irrevocable commitments due by Apr 30, 2026 include 50 line-km IP, 150 line-km gradient IP and 1,500m drilling.
Daura may top up to 80% by paying per-ounce cash consideration based on the Technical Report (US$7 per M&I gold-equivalent ounce; US$5 per inferred ounce). Latin Metals holds a post-top-up conversion right to a 3.0% NSR royalty, with Daura able to repurchase 1% for US$5,000,000.
Latin Metals (OTCQB:LMSQF) announced that AngloGold Argentina Exploraciones S.A., a subsidiary of AngloGold Ashanti plc, has given 90 days notice to terminate its option to acquire up to 80% of the Organullo project, effective January 27, 2026. The Phase I drill program will not proceed.
During the option period AngloGold invested approximately US$3.3M, defined multiple high-priority drill targets along a 6 km alteration strike, and the property was expanded with additional mineral rights. AngloGold's withdrawal is attributed to a change in its global Greenfields Exploration strategy.
Latin Metals (OTCQB: LMSQF) announced plans to spin out its 100%‑owned Peruvian exploration projects into a new subsidiary, Latin Explore, via a Plan of Arrangement with an intended TSXV listing.
Key details: the record date for Latin Metals shareholders to receive Latin Explore shares is currently anticipated as January 9, 2026, with completion targeted for Q1 2026, subject to shareholder, court and TSXV approvals. Latin Explore will be initially owned by Latin Metals, shareholders and private placement investors and will focus on drill‑ready targets starting with the Para Copper Project.
Latin Metals (OTCQB: LMSQF) announced that AngloGold Ashanti will commence drilling at the Organullo Gold Project in Argentina's Salta Province. The Phase I program includes 10 drill holes totaling 6,000m, with first results expected in Q1 2026.
AngloGold Ashanti has an option to earn up to 80% interest in Latin Metals' Organullo, Ana Maria, and Trigal Gold projects. The company is targeting a multi-million-ounce, Tier 1 discovery, using Salares Norte as a technical analogy. Three previously unexplored, advanced argillic alteration zones have been identified along a 6km-long strike length.
Additionally, Latin Metals secured rights to the Malena VII mining property, which is contiguous with the recently acquired Malena VI property and the existing Organullo project.
Latin Metals (OTCQB: LMSQF) has provided significant updates regarding its Esperanza copper-gold project in Argentina. The company has amended both the underlying option agreement with the vendor and the Moxico Option agreement with Atlantic Metals Limited. Under the revised terms, Latin Metals can acquire 100% interest in Esperanza for total payments of US$2.31 million in cash and US$500,000 in shares.
Moxico has made substantial progress at Esperanza, expanding known mineralization footprint through geological work and engaging Dr. Richard Sillitoe for expert review. The amended Moxico Option requires payments of US$2.67 million to Latin Metals and commitments for 65,000 meters of drilling through 2030, including technical reports ranging from mineral resource estimates to a bankable feasibility study.
Latin Metals (OTCQB: LMSQF) has expanded its Para Copper Project in southern Peru through a strategic acquisition of 300 hectares of additional mineral rights for US$20,000. The expansion brings the total project area to 2,200 hectares and secures coverage over key drill targets.
The company has integrated exploration data purchased from Vale Exploration Peru, which conducted extensive groundwork between 2013-2017, including geological mapping, geochemical sampling, and geophysical surveys. Multiple high-priority porphyry copper drill targets have been identified, and Latin Metals plans to initiate drill permitting while seeking a partner to fund and advance the project.
The Para Project is strategically located in Peru's Coastal Copper Belt, with access to infrastructure and port facilities. The company holds 100% ownership with no underlying royalties on the newly acquired land.